Mobile Home Investing Podcast · John Fedro

036 This Mobile Home Investors Persistence Pays Off Bigtime

·41 min·2 clips

Jared says he was on the verge of losing his own house while holding two mobile homes and paying lot rent.

1. Mobile Home Investing Podcast episode 036 centers on Jared from Central Illinois and his first mobile home deals. 2. Jon Fedro hosts with Jared as co-host, and Jared matters because he has sold six homes and just bought two more. 3. The episode asks how Jared’s persistence turned a bad first pricing strategy into a working mobile home business. 4. Jared bought two homes in a package from a park manager for $1,500 each after trying for a third unit. 5. He negotiated four months of free lot rent, but the homes still carried holding costs once that period ended. 6. One home had heavy smoke damage, yellowed walls, and carpeting so bad Jared’s parents would not go inside. 7. Jared initially expected to sell each home for $5,000 down and about $350 a month over five or six years. 8. He says it took about six months to realize the park’s buyers would not support those terms. 9. The park was strict on background checks, so applications did not always turn into approvals. 10. Jared said the first two homes were originally priced too high, even though people kept coming to look. 11. He was paying lot rent on two properties while also dealing with lost income from an injury at work. 12. Jared says he got close to losing his own house before he changed the pricing model. 13. He dropped one home to $260 a month and asked for $1,000 down, which produced a quick sale. 14. He then repainted the second home’s yellow interior and sold it in about two weeks. 15. Jared says the first home cost about $5,000 all-in and sold for just under $14,000. 16. He says the second home cost under $3,000 all-in and also sold for about $14,000. 17. Jared describes the episode as a long lesson in persistence, with several points where he thought the park was the wrong market. 18. He also says mobile home investing felt more stressful than expected because of calling park managers, driving, and doing the work. 19. Listeners who want practical mobile home pricing lessons and cash-flow numbers would get the most from this episode. 20. People looking for a polished, low-risk real estate story may skip this one.

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